15.3 Final payment shall not be due until (1) the Contractor has delivered to the
Owner a bond, a clean irrevocable letter of credit, cash or other security
satisfactory to the Owner indemnifying Owner against any claim which has been
asserted by anyone for labor, materials, equipment or otherwise arising out of the
contract or on account of any claim which either Owner or Contractor believes
may be asserted, (2) the Owner has inspected and approved the Work as
complying with the contract, (3) written consent of surety, if any is given, (4) any
manufacturers or suppliers warranties and equipment literature, and any as built
plans required are delivered to Owner, and (5) the Owner and Contractor have
complied with all requirements for Final Settlement imposed by applicable law.
ARTICLE 16
PROTECTION OF PERSONS AND PROPERTY AND RISK OF LOSS :
The Contractor shall be responsible for initiating, maintaining, and supervising all safety
precautions and programs in connection with the Work. He shall take all reasonable
precautions for the safety of, and shall provide all reasonable protection to prevent
damage, injury or loss to (1) all employees on the Work and other persons who may be
affected thereby, (2) all the Work and all materials and equipment to be incorporated
therein, and (3) other property at the site or elsewhere. Contractor shall bear all risk of
loss to the work, or materials or equipment for the work due to fire, theft, vandalism, or
other casualty or cause, until the work is fully completed and accepted by the Owner.
He shall comply with all applicable laws, ordinances, rules, regulations and orders of
any public authority having jurisdiction for the safety of persons or property or to protect
them from damage, injury or loss. All damage or loss to any property caused in whole
or in part by the Contractor, any Sub Contractor, any Sub-Subcontractor or anyone
directly or indirectly employed by any of them, or by anyone for whose acts any of them
may be liable, shall be remedied by the Contractor.
ARTICLE 17
INDEMNIFICATION AND INSURANCE :
Indemnification
17.1 The Contractor shall indemnify and hold harmless the Owner and the OR and
their respective officers, agents and employees, insurers, and self-insurance
pool, from and against all liability, claims and demands, on account of injury, loss
or damage, including without limitation claims arising from bodily injury, personal
injury, sickness, disease, death, property loss or damage, or any other loss of
any kind whatsoever, which arise out of or are in any way connected with this
Contract, if such injury, loss, or damage is caused in whole or in part by, or is
claimed to be caused in whole or in part by, the act, omission, error, professional
error, mistake, negligence, or other fault of the Contractor or any Subcontractor
of the Contractor, or any officer, employee, representative, or agent of the
Contractor or any Subcontractor of the Contractor, or which arise out of any